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Property summary
This unique, historic mill located at 114 E Main St, Sherman, NY presents a remarkable investment opportunity. Boasting 13,836 square feet across three levels on a half-acre lot, this property offers immense potential for a variety of commercial uses. The main level features a renovated office area complete with two bathrooms and a kitchen, seamlessly transitioning into a spacious shop area. High ceilings, a recently installed blower system, and a three-bay loading area enhance functionality. A rear storage room, extending the length of the building, includes sleeving for various materials. Significant exterior improvements, facilitated by a $20,000 grant, enhance the property's curb appeal. The second floor reveals a large open area with potential for various uses, including a former grain storage area and ample cabinet space. New flooring and a compressor are included. The dry basement provides extensive storage, a rear exterior door, and electrical panels with 500-amp service. This property is priced at $200,000 and awaits a visionary owner to unlock its full potential. The combination of historical charm, substantial square footage, and modern improvements makes this a truly exceptional offering in the heart of Sherman.
Property profile
VerifiedCap rate & NOI
Current use
-
Bar & Pub
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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